Moreover, tactless efforts at social and religious reforms contributed to spread of discomfiture among the common people. Inthe Crown enacted the Government of India Act, and assumed all governmental responsibilities held by the company. Around this time Britain surged ahead of its European rivals, with the advent of the Industrial revolution.
They also incorporated the Company owned military force into the British Army. It was deprived of that role after the Indian Mutinyand it ceased to exist as a legal entity in Although the company took brutal action to regain control, it lost much of its credibility and economic image back home in England.
These institutions contributed towards enriching young minds bringing to them a taste of world literature, philosophy and science. The company was the forerunner of the present education system in India. Gilmour, The Ruling Caste The second voyage was commandeered by Sir Henry Middleton.
Although the company was soon reaping large profits from its Indian exports chiefly textilesit had to deal with serious difficulties both in England and in India. The United Company was organized into a court of 24 directors who worked through committees.
They received no training in administration or leadership to make them independent of their British officers. Following the Battle of Buxar inthe Mughal emperor signed a treaty with the Company allowing them to oversee the administration of the province of Bengal, in exchange for a revised revenue amount every year.
There was a systemic disrespect in the company for the spreading of Protestantismalthough it fostered respect for Hindu and Muslimcastesand ethnic groups. It was the most successful business ever and has a more colourful and adventurous history than any company in history. To appease Aurangzeb, the East India Company promised to pay all financial reparations, while Parliament declared the pirates hostis humani generis "enemies of the human race".
It was not the British government that seized India at the end of the 18th century, but a dangerously unregulated private company headquartered in one small office, five windows wide, in London, and managed in India by an unstable sociopath — [Robert] Clive.
Saltpetre trade[ edit ] Saltpetre used for gunpowder was one of the major trade goods of the company. The French were late to enter the Indian trading markets and consequently entered into fresh rivalry with the British.
They traded mainly in commodities exotic to Europe and Britain like cotton, indigo, salt, silk, saltpetre, opium and tea. The company continued to control commercial policy and lesser administration, but the British government became increasingly the effective ruler of India.
Even with the patronage of the Mughal Emperor Jahangir, the company had many enemies in India. It was given a Royal Charter to trade in the East Indies; however it made little impression on the Dutch control of the spice trades in the East Indies what is today known as Indonesia.
The licence was prolonged until by yet another act in By the s rivalry between the British and the French was becoming acute.The East India Company was a private company which, after a long series of wars and diplomatic efforts, came to rule India in the 19th century.
Chartered by Queen Elizabeth I on December 31,the original company comprised a group of London merchants who hoped to trade for spices at islands in. Alternative Titles: British East India Company, English East India Company, Governor and Company of Merchants of London Trading into the East Indies, United Company of Merchants of England Trading to the East Indies.
The East India Company was the first company to record the Chinese usage of orange-flavoured tea, which led to the development of Earl Grey tea. The East India Company introduced a system of merit-based appointments that provided a model for the British and Indian civil service.
A Brief History of the British East India Company Between early s and the midth century, the British East India Company lead the establishment and expansion of international trade to Asia and subsequently leading to economic and political domination of the entire Indian subcontinent.
EAST INDIA COMPANY, ENGLISH. EAST INDIA COMPANY, ENGLISH. The English East India Company (–) was one of the longest-lived and richest trading companies. It exercised a pervasive influence on British colonial policy from early in its history because of its wealth and power both in England and in the rest of the.
The East India Company didn’t actually own many of the ships in its fleet. The picture above is of Mr Perry’s Yard, which also built ships for the British navy. So how did the East India Company make its fortune in Chinese tea?
In short, through illegal drugs! Read the history behind this most English tradition; china tea cups.Download